Bismarck weekly tribune., 1887-01-14
THE REVENUE BILL.

q. -- -. = ------ - -
$780, - -----------.
The hE'INoA n =, :.
- On' '. - 'no 1Noo' .,:.1--:-1s
will receive consideration by TINS leglsla-
+rro 10 tho ravenue hill. introduced by
- C..;l p;i1
MI. Hugnes anu Kuo"n DIS Sounoa Ill
No. 4. It is intended to take the place
- I'll rouon,o hills now on the statute
book except those relating to railroads.
ne fo1lou;n,, svnons;s will he read with
Auo A.iN'o ioiAo wing ~ ''-.i''~
interest:
Mr.. Hughes introduced Council Bill No.
4 haing a Iill for an act to prescribe
mode for listing, assessing, levying and and col.
dnas % not mai materially enlarge enumeration
ton IT, une hnt v, more definiteiy prescribes the
regnlations necessary for securing thor
oHSh listing of everything which should
he % faxed , and will practically add at least
20 per cent. to the taxable property which
can he reached. Tt also. more fully than
snuth;ng which the TERRITORY has pre-
v;omsiv Rad nroyides for yerv full checks
and accnmnfinps hv all officers connected
with the cnjlecfion and handling of funds
The hiil is not radical departure from the
law which has heretofore been in force:
hnt II will be vast improvement upon the
existing statutes. in that it will supply
manv 6missions and correct antiquities
witch have made It difficult to administer
the cnrrent law. The bill contains many
~ oa1 t,e E, nrnv;s;nns of the present law. and
snma ~ the noints suggested by the tax
comm;ssioner annointed in 1888, to which
- aaea W ee yor;"ns oTHI States together with
no;pts which Mr. Hughes experience has
femonstrated to he NECESSARY, and sugges-
tinns made nv Auditor Caldwell in
% h;s rannrt The general classification
nf nrnnerty subject to taxation
and afsn esamntions therefrom, are practi-
nrnyisinns are much more clearly Stated.
The fniInwino are some of the Specially
str;E;nG no;nts yerv briefly stated: ,71I
W;nas and mining locations are to be
sneciallv listed.
.Ive :n,ck is To he classified according to
aoe instead Of being iumped, as hereto
fore
Asoossner+s haoin, IN the first of Nav.
and are to include property owned on the
end nf the nrecedinp month,
elW ornhaote ~ vno are not assessed upon capital
;nvested in trade AZ we'll as upOn goods i'm
store Int Is s;mniv upon their goods and any
oth,.r nrnnartv Whieh they NAV possess. in
marohsnts are made directly liable for
taxes on gOouS III sIoIe, W.oUuol pu.G p .To
outright or Fept on commission, ana tney
have lien upon goods on commission 1 ms s 1al un-
til reimbursed or lndemnlneo oy 'ne con-
signor.
Makes agents or persons I lnvestlng OF
loaning money, personally a na?te TOT taxes
on the same, II they taii , 70 iisI IT. ,..;o.,
All bank shares, lncludlng natlonal
banks, are to be listed by the banks IN me
name Of the person owning the shares, tne
taxes to be paid by the bank upon these
stocks the same as upon any other prop
erty, the bank to have claim on the shares
or dividends for relmour seMent: .
Grain in elevators or warehouses 10 be
listed as the property OF the owner or
lessee of the elevator, giving MIN lien
upon the grain for reimbursement
No deduction from the amount OF the tax.
payers credits is permitted on account OF
any debts which ne may owe. o,>
Express companies are 10 pay ~ per
cent. of their gross earnings. y
Insurance companies other than those
organized under the laws OF I'm tnls 1aas terrlDry